The Leading Newspaper for Co-operative Movement in Kenya
By Jackson Okoth Kenya’s Sacco sector earned Sh40.4 billion as income from loans, Sh 2.3 billion from investments and Sh 4.7 billion as other incomes, raking in a total income of Sh47.4 billion. This is according to The Kenya Financial Sector Stability Report, 2015 prepared jointly by Central Bank of Kenya, Capital Markets Authority, Insurance…
By James Wakahiu Members of Co-operative Societies have been urged to read and understand their own bylaws as well as the Co-operatives Societies Act so as to avoid bringing unnecessary disputes before the Co-operatives Tribunal. “There are numerous cases and disputes that will not have ended up at the tribunal if members of co-operatives and…
By Jackson Okoth The defunct Kenya National Federation of Co-operatives (KNFC) is yet to sell off its assets, 36 years after it was first placed under liquidation by the Commissioner of Co-operatives. In a recent notice, KNFC announced that it is selling invites tenders for purchase of a go down situated in Nairobi’s Industrial Area…
By Tsozungu Kombe Savings and Credit Co-operative Societies (Saccos) have been urged to embrace Information Communication Technology (ICT) to enhance efficiency in service delivery. Qwetu Sacco Chairman, Alfred Mlolwa, expressed concern that many Saccos in the country have failed to deliver quality services to members due to lack of ICT skills. He, however, emphasised the…
Legal action will be taken against those groups that fail to repay the Uwezo funds loan in Malava Sub-County. The National Government Constituency Development Fund (NG-CDF) Fund Manager Marygorety Wanjala confirmed that out of the 127 groups that were given the revolving funds four groups have not started servicing their loan and efforts to reach…
By Andanje Wakhungu. Boda boda riders in Kakamega North Sub-County are a happy lot after being promised training and licensing on successful completion of their course. National Government Constituency Development Fund (NG-CDF) together with Automobile Association plan to train and help those who will complete their driving courses to get licenseces. Over Sh2.1 million has…
By Kamundia Muriithi Farmers in the County have called for Government intervention to stop the sale of counterfeit agrochemicals and farm inputs in the region. The more than 3,000 farmers attending an exhibition at Kianyambo Primary School complained they had unknowingly purchased counterfeit chemicals, seeds and fertilizers which led to huge losses. Led by Ngiriambu…
By Munene Maina Building a company from the ground up and successfully running it requires hard work and no one knows about this better than Grace Njeri Kabaya who now runs the biggest supermarket in Njoro town, Nakuru County. And in a sector where the many customers still come through word-of-mouth recommendations, Kabaya is quite…
By Enock Kipturgut Boresha Sacco members have a reason to smile fol- lowing the management’s educational cum interactive meetings aimed at keeping them a breast with the Sacco’s new products and ser- vices and the emerging trends in the Cooperative movement. The members lauded the Sacco for organizing the meetings saying they served as an…
By Wesley Ken Vision Africa Sacco Ltd has launched ATM services to ensure efficient and effective de- livery of quality products and services to members. It unveiled the services in a colourful ceremony that was graced by Co-operative Bank’s Head of Sacco banking Peter Kirugu among other top officials of the bank in Nakuru County….
